Section 8. - [Council consent and approval required for bond issue; agreements and contracts.]

Bonds shall be issued under the provisions of this act only upon approval by two-thirds of the membership of the Council of the City of Jacksonville (hereinafter referred to as "Council") except that no such approval shall be required for the issuance of bonds to complete the payment of the cost of a project for which bonds have previously been issued with such approval of the council, to pay the cost of capital improvements to such a project or to refund bonds issued for such a project; and any agreements or contracts entered into by JEA under Section 2(a) of this act shall be subject to the prior consent and approval by two-thirds of the membership of the Council except that no such approval shall be required for the amendment of any such agreement or contract. Notwithstanding the foregoing, JEA may not execute any material amendment to such an agreement or contract until it shall have been submitted to the Council and the Mayor for their consideration; the Council and the Mayor may consider the proposed material amendment for a period of up to 30 days and may forward their comments, if any, to JEA and JEA may not formally execute such a proposed amendment until after this 30-day period shall have expired. Should both the Mayor and the Council desire to waive this 30-day requirement with regard to any particular amendment after having received it, then they may communicate this desire to waive comment in writing to JEA which may proceed to execute the amendment so long as such waiver has been received from both the Mayor and the Council. Any such agreement or contract approved by two-thirds of the membership of the Council shall constitute a contract which shall not be impaired by subsequent legislative action of the Council. (Laws of Fla., Ch. 80-513, § 8; Laws of Fla., Ch. 82-312, § 4; Laws of Fla., Ch. 99-459, § 6)